• Graco average quick ratio for 2023 was 2.16, a 14.29% increase from 2022.
• Graco average quick ratio for 2022 was 1.89, a 17.11% increase from 2021.
• Graco average quick ratio for 2021 was 2.28, a 4.2% decline from 2020.

Quick ratio can be defined as a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated by subtracting inventory from current assets and dividing by current liabilities.